Bitcoin is a non-exist resource. It is improbable to pass the infection from one person to another.
Anyway, it might profoundly impact fiat since people can contact their monetary forms and embrace conceivable that the infection can go through to other people.
So it's better to utilize the digital forms of money and make an online installment by sitting home.
Covid can impact fiat; however, it has no connection with crypto, not even the Cost.
Topic: Coronavirus is very harmful to fiat currencies, not bitcoin (Read 1491 times)
Honestly, if the government has no extra funds that can be allocated to improving situations while being in the middle of this pandemic, the governments have no choice but to look for other alternatives that are easier and faster. In this case, borrowing which increases debt. Thisbis because immediate actions are needed to minimize the damage to the economy and the spread of the virus itself. Let us not he so fast in judging our governments. They may have flaws but in the end, their success is our success and their failure is our failure.
Surely the government has another way of dealing with this pandemic problem which is still continuing, they have great authority in managing many things so that it can be used as an alternative way if the situation is urgent about funding for the people.Even I am not worried about that but what they are intensifying right now is how about the vaccine they have bought with that we can confess how people should be vaccinated, and this is a way to prevent fitness, especially in the elderly.
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Corona virus preventing people to meet each other. Which mean that many business that very depend on physical human interactions will be find difficulties, this condition make investors reduce their investment on that business. But different with bitcoin, most of business that using bitcoin or related with it don't depend on physical human interaction because they use online transaction. Probably that caused many investors start to get involved in bitcoin investment.
Because of the coronavirus, people are less likely to meet each other physically. I think this is why the use of Bitcoin is increasing day by day. And with the increase in users, the price of Bitcoin is now skyrocketing. As the number of investors and traders of Bitcoin increases, more and more countries will officially legalize Bitcoin. Although there are thousands of bad aspects of the coronavirus, but the coronavirus is a blessing for Bitcoin. Sometimes I think the price of Bitcoin wouldn't have gone up so much if the outbreak of Coronavirus had not been seen.
Honestly, if the government has no extra funds that can be allocated to improving situations while being in the middle of this pandemic, the governments have no choice but to look for other alternatives that are easier and faster. In this case, borrowing which increases debt. Thisbis because immediate actions are needed to minimize the damage to the economy and the spread of the virus itself. Let us not he so fast in judging our governments. They may have flaws but in the end, their success is our success and their failure is our failure.
Corona virus preventing people to meet each other. Which mean that many business that very depend on physical human interactions will be find difficulties, this condition make investors reduce their investment on that business. But different with bitcoin, most of business that using bitcoin or related with it don't depend on physical human interaction because they use online transaction. Probably that caused many investors start to get involved in bitcoin investment.
The fact is that the economies of countries have suffered the most from the coronavirus, as a result of the restrictions and quarantines. In many cases, due to improper regulation and management, it is the government that is the source of these problems. I also believe that it is the government that is the source of the depreciation of national currencies, and not just the virus. In addition, it was the virus that pushed investors to look for alternative assets for investment, and in this case, Bitcoin won.
bitcoin can never be affected even if pandemic spread all the world because it is a digital currencies and cannot be spend literally as of any of crypto currencies compare to cash. the government spend cash not the digital currency to study and make vaccines. Many investors like tesla who invest in billions worth of bitcoin even pandemic outbreak is on going.
You're correct Corona infection isn't hurtful for bitcoin rather it encourages the bitcoin to develop more.
At the point when the infection happens numerous business goes down and people groups begin remaining at home.
All the stocks market shut down and individuals begin thinking to put resources into bitcoin and digital currency, which changed the bitcoin market.
Presently bitcoin cost is higher in contrast with the most recent year cost.
At the point when the infection happens numerous business goes down and people groups begin remaining at home.
All the stocks market shut down and individuals begin thinking to put resources into bitcoin and digital currency, which changed the bitcoin market.
Presently bitcoin cost is higher in contrast with the most recent year cost.
Have you seen how governments responded to the corona virus?
Quite simply, in Italy, the US and elsewhere, they will increase their budget deficit, and add debt. In my understanding, that's very bad for fiat currencies, while BTC will remain unaffected, thanks to the lockdown on money supply.
Yes. Up to this point your opinion is absolutely correct. While governments of countries are struggling to find policies to respond to and reduce the vulnerability of covid 19's consequences, a doorway to bitcoin's rise is understandable. Fiat no longer matters in covid translation terms, even with Fiat in hand, you still cannot use them and cannot invest anywhere. but bitcoin is too different. $ 48k will not be the stop. I will follow it triggered the next history.Quite simply, in Italy, the US and elsewhere, they will increase their budget deficit, and add debt. In my understanding, that's very bad for fiat currencies, while BTC will remain unaffected, thanks to the lockdown on money supply.
They could not lockdown the economy for too long, to balance the fiat and the damage had taken place. That is also the weakness of fiat.
Have you seen how governments responded to the corona virus?
Quite simply, in Italy, the US and elsewhere, they will increase their budget deficit, and add debt. In my understanding, that's very bad for fiat currencies, while BTC will remain unaffected, thanks to the lockdown on money supply.
Quite simply, in Italy, the US and elsewhere, they will increase their budget deficit, and add debt. In my understanding, that's very bad for fiat currencies, while BTC will remain unaffected, thanks to the lockdown on money supply.
I do think that the Coronavirus pandemic affected job employment and opportunities as a whole, which indirectly affected the fiat as a whole.
With this in mind, the economic has been stunted and any opportunities for job employment decreased. This resulted to a number of workers being unable to meet their monthly obligations given that most businesses have been closing their operations. Although the creation of the vaccine gives hope, this will not restore the damage it created initially, maybe not in the near future.
You're correct Corona infection isn't hurtful for bitcoin rather it encourages the bitcoin to develop more.
At the point when the infection happens numerous business goes down and people groups begin remaining at home.
All the stocks market shut down and individuals begin thinking to put resources into bitcoin and digital currency, which changed the bitcoin market.
Presently bitcoin cost is higher in contrast with the most recent year cost.
Coronavirus was really harmful to the fiat currency because we can see that due to this virus many people are intent to use digital money like buying things online and paying it online to avoid physical contact or physical money when payment is there. In my country, they are already using paymaya and gcash as a mode of payment because they are avoiding the spreading of viruses that might get in the physical cash or fiat. Not just only numerous businesses have been going down but almost all of the businesses become bankrupt due to the lockdown that has been happened to us, we can see that the stock market was in a red situation and also going down due to this coronavirus.At the point when the infection happens numerous business goes down and people groups begin remaining at home.
All the stocks market shut down and individuals begin thinking to put resources into bitcoin and digital currency, which changed the bitcoin market.
Presently bitcoin cost is higher in contrast with the most recent year cost.
You're correct Corona infection isn't hurtful for bitcoin rather it encourages the bitcoin to develop more.
At the point when the infection happens numerous business goes down and people groups begin remaining at home.
All the stocks market shut down and individuals begin thinking to put resources into bitcoin and digital currency, which changed the bitcoin market.
Presently bitcoin cost is higher in contrast with the most recent year cost.
Coronavirus was really harmful to the fiat currency because we can see that due to this virus many people are intent to use digital money like buying things online and paying it online to avoid physical contact or physical money when payment is there. In my country, they are already using paymaya and gcash as a mode of payment because they are avoiding the spreading of viruses that might get in the physical cash or fiat. Not just only numerous businesses have been going down but almost all of the businesses become bankrupt due to the lockdown that has been happened to us, we can see that the stock market was in a red situation and also going down due to this coronavirus. At the point when the infection happens numerous business goes down and people groups begin remaining at home.
All the stocks market shut down and individuals begin thinking to put resources into bitcoin and digital currency, which changed the bitcoin market.
Presently bitcoin cost is higher in contrast with the most recent year cost.
crazy that this virus even drive cryptocurrencies to be a great investment
You're correct Corona infection isn't hurtful for bitcoin rather it encourages the bitcoin to develop more.
At the point when the infection happens numerous business goes down and people groups begin remaining at home.
All the stocks market shut down and individuals begin thinking to put resources into bitcoin and digital currency, which changed the bitcoin market.
Presently bitcoin cost is higher in contrast with the most recent year cost.
At the point when the infection happens numerous business goes down and people groups begin remaining at home.
All the stocks market shut down and individuals begin thinking to put resources into bitcoin and digital currency, which changed the bitcoin market.
Presently bitcoin cost is higher in contrast with the most recent year cost.
The pandemic gives bitcoin an opportunity to be introduce to the world, the money that is coming now are institutional investors according to some news, so this is a good thing for bitcoin because it will strengthen its future. We will not miss this opportunity now, and I think even if the vaccine will be release and will be distributed worldwide, bitcoin will remain positive, it might dump a bit but its certainly due to corrections only.
Coronavirus actually exposes what's lacking in the government and the government needs to fix it ASAP which means spending a lot of money as well as increasing the hospital facilities. It's really understandable that most of countries gonna struggle a lot like countries with relatively low GDP income.
There's absolutely nothing we can do though since that just how things works. Also due to that inflation appears thus people money converting to BTC.
The good side that happened as it is. Bitcoin begins recognitions coming from those institutional investors, after this pandemic lots of people started to switch not just their investment but also bitcoin ws used for transacting to buy goods and foods online. It helps a lots in terms of usages as fear from people put them away from transacting physically.
The use of fiat has minimized, more deal we're done online and more businesses who do survive use online process, better to use this system than taking the risk of being infected.
Have you seen how governments responded to the corona virus?
Quite simply, in Italy, the US and elsewhere, they will increase their budget deficit, and add debt. In my understanding, that's very bad for fiat currencies, while BTC will remain unaffected, thanks to the lockdown on money supply.
The debt of every country is increasing because of pandemic. In my country, we have to loan in international bank because the government need to sustain the budget regarding to the calamity and pandemic matters. By that, experts said that my country will experience an economic depression because of the debt. Coronavirus really harm not only the health of every people but it makes a country poor and give a high debt. Quite simply, in Italy, the US and elsewhere, they will increase their budget deficit, and add debt. In my understanding, that's very bad for fiat currencies, while BTC will remain unaffected, thanks to the lockdown on money supply.
There's absolutely nothing we can do though since that just how things works. Also due to that inflation appears thus people money converting to BTC.
The development of Bitcoin has increased due to Corona although the value of the Fiat currency fell sharply did not have a detrimental effect on Bitcoin. Once the economy recovers the Fiat currency will return to its former place. Fiat currency is more in circulation than Bitcoin. Nothing can control the Bitcoin market stock markets closed as fiat lost ground. Lack of money they are not able to spend anything tut the rapid development of Bitcoin will help improve Fiat currency.
I agree that the corona virus is very harmful for fiat, because in order to recover the economy quickly several countries are printing money.
This can make the value of the fiat currency decrease, due to inflation. While the price of Bitcoin is increasing in a pandemic situation,
because many people just realized that Bitcoin is very good as a store of value.
This can make the value of the fiat currency decrease, due to inflation. While the price of Bitcoin is increasing in a pandemic situation,
because many people just realized that Bitcoin is very good as a store of value.
Also in other way around, using fiat will just make corona virus to spread easily because in using fiat, we need to use it physically unlike Bitcoin that it could only use virtually, therefore it's more safer than fiat. The Government used that reason to use Bitcoin as a new way of payment also to help their economy to rise faster than using fiat. We all know that the price of Bitcoin fluctuates much more than fiat therefore if they bought a lot of Bitcoins since March 2020, I'm sure they made a lot of profits this month.
And those profits will keep on circulating on their economy that will be their help in order to regain their country's needs, without any funds because of taxes being paid by the citizens, a country will never be develop.
I agree that the corona virus is very harmful for fiat, because in order to recover the economy quickly several countries are printing money.
This can make the value of the fiat currency decrease, due to inflation. While the price of Bitcoin is increasing in a pandemic situation,
because many people just realized that Bitcoin is very good as a store of value.
True, but no one really wins with this, even if we can maintain our wealth or even increase it thanks to bitcoin during these difficult times at the same time there is going to be a lot of suffering, governments are reaching a breaking point, they do not know how to face any crisis except by printing more money, throwing it at the problem and hope that it fixes itself and this is not going to work when the problem itself is the amount of money they are printing, things are slowly getting out of control and if something else were to go wrong when the economy is still in such a bad shape then things could get ugly really fast. This can make the value of the fiat currency decrease, due to inflation. While the price of Bitcoin is increasing in a pandemic situation,
because many people just realized that Bitcoin is very good as a store of value.
I agree that the corona virus is very harmful for fiat.
This can make the value of the fiat currency decrease, due to inflation. While the price of Bitcoin is increasing in a pandemic situation,
because many people just realized that Bitcoin is very good as a store of value.
When the pandemic started, it was nothing but disaster for the financial we saw stocks go down real bad, everything dipped including bitcoin, fiat devalued badly and the government didn't stop printing more of it, like in my country we normally depend on revenue we get from the sales of our crude oil, so when the price of crude oil dipped it affected us badly, the price of everything in our country went up, stuffs you buy for $2 back then, now cost $3 to 4, but I'm glad bitcoin bounced back, and now more adoption has taken place since PayPal started accepting it. This can make the value of the fiat currency decrease, due to inflation. While the price of Bitcoin is increasing in a pandemic situation,
because many people just realized that Bitcoin is very good as a store of value.
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